Henan Province Xixia Automobile Water Stock Forecast
Henan Province Xixia Automobile Water stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Henan Province Xixia Automobile Water stock price gained 1.58% on the last trading day (Monday, 6th May 2024), rising from ¥12.06 to ¥12.25. During the last trading day the stock fluctuated 1.89% from a day low at ¥12.14 to a day high of ¥12.37. The price has risen in 6 of the last 10 days and is up by 8.41% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 16 million shares were bought and sold for approximately ¥192.49 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Henan Province Xixia Automobile Water stock with a 90% probability to be traded between ¥10.92 and ¥13.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002536.SZ Signals & Forecast
Mostly positive signals in the chart today. The Henan Province Xixia Automobile Water stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥11.84 and ¥12.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.92%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Henan Province Xixia Automobile Water stock
Henan Province Xixia Automobile Water finds support from accumulated volume at ¥12.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.230 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: ¥11.83 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (002536.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Henan Province Xixia Automobile Water to open at ¥12.25, and during the day (based on 14 day Average True Range), to move between ¥11.60 and ¥12.90, which gives a possible trading interval of +/-¥0.654 (+/-5.34%) up or down from last closing price. If Henan Province Xixia Automobile Water takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥12.17 (0.65%) than the resistance at ¥12.66 (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Henan Province Xixia Automobile Water will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Henan Province Xixia Automobile Water, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.56% in the first trading day after earnings release.
Is Henan Province Xixia Automobile Water stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Henan Province Xixia Automobile Water stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.959 Buy Candidate Upgraded
Predicted Opening Price for Henan Province Xixia Automobile Water of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥12.25 ( 0.0272%) | ¥12.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002536.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.48 | 1.90 % | |
| R2 | 12.40 | 1.19 % | ||
| R1 | 12.34 | 0.744 % | ||
| Current price: | 12.25 | |||
| Support | S1 | 12.17 | -0.690 % | |
| S2 | 12.11 | -1.13 % | ||
| S3 | 12.02 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.39 | 9.31 % | |
| R2 | 13.19 | 7.67 % | ||
| R1 | 12.66 | 3.35 % | ||
| Current price | 12.25 | |||
| Support | S1 | 12.17 | -0.653% | |
| S2 | 11.40 | -6.94% | ||
| S3 | 11.31 | -7.67% |
002536 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.200 | 1.39% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.100 | 1.47% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | ¥0.100 | 1.17% |
| 4 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | ¥0.100 | 1.42% |
| 5 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | ¥0.333 | 5.13% |
FAQ
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